What to Know About the Different Types of LLCs
April 21, 2023Know Your Choices for the Different Types of LLCs We love a choice. You may not have known that an LLC, limited liability company, can have a variety of business structures. So, you have a choice. Which will best suit your needs? Let’s look at the types of LLCs and what kinds of businesses they… Read more »
TikTok Tax Myths Debunked
April 13, 2023TikTok Tax Myths Prove This is Not the Place for Tax Advice According to a report commissioned in 2021, one in seven videos from TikTok finance influencers is misleading. TikTok tax myths are rampant. Remaining critical about the content found online is crucial especially when it concerns personal finances. Every tax season, nearly 60 million… Read more »
Generational Asset Protection Planning
April 12, 2023None of us can live forever. Even with the best medicine, eventually, we all meet the same finality that Mark Twain so eloquently reminded us is a certainty aside from taxes. That said, the assets we have worked for and built up stay behind. Through generational asset protection, they can at least be directed to… Read more »
Tax Preparers Must Have a WISP for Client’s Sake
April 11, 2023Your Data Security is Our Priority That’s Why We Have a Written Information Security Plan (WISP) Tax professionals play a critical role in our nation’s tax system and maintain a huge amount of taxpayer financial data. All professional tax preparers will be required to create and implement a Written Information Security Plan (WISP). Our… Read more »
FinCEN Adds New Security Measures for LLCs and other Entities.
April 11, 2023FinCEN Requires Beneficial Ownership Information Reporting Rule The U.S Treasury’s Financial Crimes Enforcement Network (FinCEN) made its final rule on implementing the beneficial ownership information (BOI) reporting. This is part of a concerted effort to crack down on the use of corporate structures for illicit purposes. The rule applies to most corporations, limited liability corporations… Read more »
How To Protect Your Business Assets From Future Lawsuits
April 07, 2023With a proactive asset protection plan, you can prevent the loss of assets due to lawsuits. The Chicago estate planning attorneys at Anthony J. Madonia & Associates, Ltd. can help you implement strategies that minimize losses in case of future lawsuits. By meeting with our team of experienced attorneys, you can accomplish the following goals:… Read more »
Illinois Requires Paid Leave for All Workers
April 04, 2023Starting in 2024, Illinois Requires Paid Leave for All Workers On March 13, 2023, SB208 also known as the Paid Leave for All Workers Act was signed into law. Starting January 1, 2024, nearly all employees will be able to earn and use up to 40 hours of paid leave. This is during a 12-month… Read more »
New Business – New Business Attorney
March 21, 2023Starting a New Business – A New Business Attorney Can Help Starting a new business in Illinois is a daunting prospect, especially if you are looking to start one in Chicago. No matter how big your safety net or how developed your business skills are, your mind will be filled with all the many ways… Read more »
Time to Spring Clean Your Finances
March 08, 2023Spring Clean Your Finances With Daylight Savings approaching, spring is just around the corner. While you plan to dust and declutter your home, take the same care with your finances. Here are some tips to get you started. Declutter your financial life. Consolidate old accounts-review your finances. More accounts don’t mean more diversification, just more… Read more »
Set Goals To Protect Your Family Assets & Avoid Probate
March 07, 2023What Can I Do to Avoid Probate? Want to know how to avoid probate in Illinois? Stop spending hours searching experienced estate planning attorneys in Chicago and contact our team at Anthony J. Madonia & Associate, Ltd. Our estate planning attorneys are here to help protect your family and assist you avoid going to probate… Read more »